CMS Energy's decade-long transformation into a high-quality regulated utility positions it for a long runway of growth as long as Michigan regulators continue to support energy infrastructure investment. State clean energy legislation passed in 2023 should keep that investment growth going into the next decade.
Utility regulation in Michigan has improved since landmark reforms in 2008 and 2016. Support from policymakers and regulators is critical to realizing earnings and dividend growth.
Operating cost cuts have helped keep customer rates mostly flat and regulators happy, but that could change if customer bills start rising because of CMS' planned investments.
|
Metric
|
CMS
|
WEC
|
LNT
|
|---|---|---|---|
Price/Earnings (Normalized) | 21.41 | 20.10 | 21.69 |
Price/Book Value | 2.70 | 2.49 | 2.29 |
Price/Sales | 2.81 | 3.49 | 3.92 |
Price/Cash Flow | 10.34 | 9.76 | 11.54 |
|
Metric
|
CMS
|
WEC
|
LNT
|
|---|---|---|---|
Quick Ratio | 0.60 | 0.42 | 0.27 |
Current Ratio | 1.18 | 0.74 | 0.65 |
Interest Coverage | 2.52 | 3.05 | 2.32 |
|
Metric
|
CMS
|
WEC
|
LNT
|
|---|---|---|---|
Return on Assets (Normalized) | 2.61% | 3.36% | 3.29% |
Return on Equity (Normalized) | 11.84% | 12.39% | 10.34% |
Return on Invested Capital (Normalized) | 6.08% | 6.96% | 6.46% |
|
1-Day Chart
|
Name
|
Price
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|---|
| NextEra Energy Inc
NEE
| Dhlmxcwgb | Hmydks | $173.8 Bil | |||
| Southern Co
SO
| Fvgfhqyffy | Jtqkgg | $98.6 Bil | |||
| Duke Energy Corp
DUK
| Ynhsnjgxk | Wrvcvgq | $89.6 Bil | |||
| National Grid PLC ADR
NGG
| Jmrhcpnh | Tsgr | $67.8 Bil | |||
| American Electric Power Co Inc
AEP
| Xvsnbvsmn | Vmwmfp | $54.2 Bil | |||
| PG&E Corp
PCG
| Vrfldbj | Vdkl | $51.8 Bil | |||
| Dominion Energy Inc
D
| Gdmfhwscw | Dvyfr | $48.0 Bil | |||
| Public Service Enterprise Group Inc
PEG
| Kjqjkdcb | Dcgjzz | $44.0 Bil | |||
| Exelon Corp
EXC
| Fnjdqwmg | Qfbgdf | $40.4 Bil | |||
| Consolidated Edison Inc
ED
| Nrynjdpp | Pkh | $36.0 Bil |
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United States